IHS Chemical Week

Chemical Week Magazine :: Basic Chemicals & Plastics

IHS: PTA will remain oversupplied through 2020 and beyond

12:53 PM MDT | April 21, 2014 | —Clay Boswell

Historically balanced, the worldwide market for purified terephthalic acid (PTA) has become seriously oversupplied. The market will rationalize, but slowly, and the industry operating rate will be low for the rest of this decade, says Chase Willett, director/aromatics and fibers business at IHS Chemical. “We have entered a totally new realm of massive overcapacity build in the PTA market,” Willett says. “It’s a very recent event, and unfortunately it looks like it’s here to stay for a while.” Willett was speaking at the 2014...

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